6115 97th St APT 8MFlushingNY11374
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Flushing at 6115 97th St APT 8M, Flushing, NY, 11374 uses $102,765 cash to close to unlock $6,002/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $2,570/mo, and a $1,517/mo payment keeps the spread at $500/mo. Purchase price stands at $310,000, and rental yield measures 9.95% with $2,570/mo rent. Return on cash invested shows 25.75% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 134.83% and total cumulative return in cash records $138,559. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,570/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11374, Rego Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,654 (100%) |
| Owner Occupied HU | 8,261 (38.1%) |
| Renter Occupied HU | 11,774 (54.4%) |
| Vacant Housing Units | 1,619 ( 7.5%) |
| Median Home Value | $654,765 |
| Average Home Value | $704,293 |
Housing Distribution
Address Breakdown
Residential
20,478
Single Family
3,205
Multi-Family
17,273
Businesses
939
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